The world's biggest merger could be an uphill struggle, says a legal consultant catmanc
Peter Zeughauser said: 'Dentons has done a very forward-looking move, but it’s high risk, too. People are going to watch this carefully.' In the past, he says, Chinese lawyers have tended to work as individuals, even if they are in firms. So they take a fixed percentage of their gross billings and pay their own secretaries. Mr Zeughauser said that the relationship is, essentially, 'what we would call a hotel for lawyers'. In such circumstances, individual lawyers may feel they have little to gain from referring work to others.
Mr Zeughauser added: 'The deal will not ever achieve its full potential if it’s not a full and integrated firm that can drive work across the platform, and that requires a full cultural assimilation.' Source: Globe and Mail